Kadant Named to Newsweek’s List of America’s Most Responsible Companies 2021
January 06 2021 - 4:13PM
Kadant Inc. (NYSE: KAI) has been named to Newsweek's 2021 list of
America's Most Responsible Companies based on a detailed analysis
of Environmental, Social and Corporate Governance (ESG) factors.
This prestigious award is presented by Newsweek and Statista Inc.,
the world-leading statistics portal and industry ranking provider.
“We are honored to be named one of America’s Most Responsible
Companies,” said Jeffrey L. Powell, president and chief executive
officer of Kadant. “Our focus on helping our customers efficiently
use renewable natural resources in their manufacturing processes
plays an important role in our customers’ efforts to achieve their
own sustainability goals, including the reduction of greenhouse gas
emissions.”
America’s Most Responsible Companies were selected based on
publicly available key performance indicators derived from CSR
Reports, Sustainability Reports, and Corporate Citizenship Reports
as well as an independent survey. The KPIs focused on company
performance in the environmental, social, and corporate governance
areas, while the independent survey asked U.S. citizens about their
perception of company activities related to corporate social
responsibility. The final list, which spans 14 industries,
recognizes 400 companies with the highest scores as the most
responsible companies in the United States.
More information about the 2021 rankings is available at
www.newsweek.com/americas-most-responsible-companies-2021. All
registered trademarks are property of their respective owners.
About Kadant Kadant Inc. is a global supplier
of high-value, critical components and engineered systems used in
process industries worldwide. The Company’s products, technologies,
and services play an integral role in enhancing process efficiency,
optimizing energy utilization, and maximizing productivity in
resource-intensive industries. Kadant is based in Westford,
Massachusetts, with approximately 2,700 employees in 20 countries
worldwide. Kadant’s most recent corporate sustainability report can
be viewed at www.kadant.com/en/about-us/sustainability. The report
highlights the Company’s commitment and progress on ESG
initiatives, is structured according to Global Reporting Initiative
(GRI) best practices for corporate sustainability reporting and
addresses those factors most relevant to the Company’s
stakeholders.
Safe Harbor StatementThe following constitutes
a “Safe Harbor” statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements that involve a number of risks and uncertainties,
including forward-looking statements about our products,
technologies, and markets. These forward-looking statements
represent our expectations as of the date of this press release. We
undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events,
or otherwise. These forward-looking statements are subject to known
and unknown risks and uncertainties that may cause our actual
results to differ materially from these forward-looking statements
as a result of various important factors, including those set forth
under the heading "Risk Factors" in Kadant’s annual report on Form
10-K for the year ended December 28, 2019 and subsequent filings
with the Securities and Exchange Commission.
ContactsInvestor Contact Information:Michael
McKenney, 978-776-2000IR@kadant.comorMedia Contact Information:Wes
Martz, 269-278-1715media@kadant.com
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